Alchemy Pay, a world-leading fiat-crypto payment solutions provider, today announced that it has secured a Currency Transmitter License in the State of Rhode Island, marking another important step in strengthening its regulatory presence across the United States. With this addition, Alchemy Pay now holds Money Transmitter Licenses in sixteen U.S. states, reflecting its continued commitment to building a compliant and scalable payment network in one of the world’s most important financial markets.
This newly acquired license can be found at the official website of Nationwide Multistate Licensing System (NMLS) by searching for “Alchemy Pay Inc.”. The Rhode Island Currency Transmitter License, governed by the Division of Banking under the Rhode Island Department of Business Regulation, authorizes Alchemy Pay to engage in activities involving the transmission of money or monetary value. The license ensures that Alchemy Pay operates in accordance with regulatory standards applicable to financial institutions managing payments, remittances, and virtual currency transactions.
As regulatory frameworks for digital assets continue to evolve globally, securing this license strengthens Alchemy Pay’s ability to expand compliant fiat-crypto services in the United States. It also supports the company’s broader strategic direction in developing stablecoin-based payment infrastructure. This includes Alchemy Chain, a payments-focused Layer-1 blockchain designed to enable fast, low-cost, and predictable stablecoin transactions for real-world use cases. By combining regulatory readiness with purpose-built infrastructure, Alchemy Pay is advancing toward a unified ecosystem that supports stablecoin issuance, settlement, and integration with traditional financial systems.
“We are pleased to secure the Rhode Island Currency Transmitter License as part of our continued expansion in the U.S.,” said Ailona Tsik, CMO at Alchemy Pay. “Regulatory compliance remains a core priority for Alchemy Pay. Strengthening our licensed footprint allows us to better serve users and partners, while supporting the development of compliant, scalable payment infrastructure for the future of digital finance.”
Over the past year, Alchemy Pay has achieved significant regulatory milestones across key global markets, reinforcing its position as a trusted payment provider. In addition to its expanding presence in the United States, the company has secured a Digital Currency Exchange Provider (DCEP) registration in Australia, Electronic Financial Business registration in South Korea, and admission to Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organisation (SRO). Alchemy Pay has also advanced its regulatory standing in Hong Kong through its investment in SFC-regulated entity HTF Securities Limited, supporting the VA upgrade to Type 1 and Type 4 licenses.
These achievements demonstrate Alchemy Pay’s ongoing commitment to regulatory excellence and its role in building compliant, globally accessible financial infrastructure that bridges traditional finance and digital assets.
About Alchemy Pay
Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.
The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.
